Printed Circuit Board (PCB) Market - By PCB Structure, By Type, By Substrate, By End Use Industry - Global Forecast, 2026-2035

The market was valued at USD 71.4 billion and USD 74.1 billion in 2022 and 2023, respectively. The market size reached USD 80.2 billion in 2025, growing from USD 77 billion in 2024.
 

Based on the PCB structure, the global printed circuit board market is divided into rigid PCB, flexible PCB, rigid-flex PCB. The rigid PCBs segment accounted for the largest market size, 49.7 billion in 2025.
 

• Rigid PCBs held a dominant market share due to their extensive use across consumer electronics, automotive, industrial, and telecom applications.
   
• Rigid PCBs are preferred for their structural stability, cost-effectiveness, and suitability for high-volume manufacturing.
   
• Their widespread adoption is supported by mature manufacturing ecosystems, standardized designs, and strong demand from smartphones, computers, and household electronics.
   
• Despite increasing innovation in advanced PCB types, rigid PCBs continue to form the backbone of the PCB market due to reliability and scalability.
   

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Based on end use, the global printed circuit board market is segmented into consumer electronics, automotive, telecommunications, industrial electronics, medical devices, aerospace & defense, computing & data centers, and others. The consumer electronics segment dominated the market in 2025 with a revenue of USD 16.6 billion.
 

• Consumer electronics dominated the PCB market due to large-scale production of smartphones, laptops, tablets, televisions, and wearable devices. High product replacement cycles, continuous feature upgrades, and mass-market demand drive sustained PCB consumption.
   
• The Consumer electronics benefits from standardized PCB designs, high-volume manufacturing, and strong OEM–EMS ecosystems, particularly in Asia-Pacific. Ongoing innovation in compact, multifunctional devices continue to support steady demand for PCBs in consumer electronics.
   
• The automotive segment is the fastest-growing and is expected to register the highest CAGR of 7.6% during the forecast period. Growth is driven by increasing electronic content per vehicle, including ADAS, infotainment, powertrain electrification, and battery management systems.
   
• The shift toward electric and autonomous vehicles is accelerating demand for advanced, high-reliability PCBs. Stricter safety regulations and rising adoption of connected vehicle technologies are further fueling PCB growth in automotive electronics.
   

Based on type, the global printed circuit board market is segmented into single-sided PCB, double-sided PCB, multilayer PCB, and high-layer-count PCB. The multilayer PCB segment dominated the market in 2025 with a revenue of USD 30.5 billion.
 

• Multilayer PCB dominated the market due to their widespread adoption in consumer electronics, automotive systems, industrial equipment, and telecommunications. These PCBs offer an optimal balance between circuit density, performance, and cost, making them suitable for mass-market applications.
   
• Their ability to support compact designs with improved electrical performance has reinforced demand across smartphones, laptops, and networking equipment. Well-established manufacturing processes and high production scalability continue to support the dominance of multilayer PCB.
   
• The high-layer-count PCB segment is the fastest-growing and is expected to register the highest CAGR 10.5% during the forecast period. Growth is driven by increasing complexity of electronic systems in data centers, 5G infrastructure, aerospace, and advanced automotive electronics.
   
• High-layer-count PCB enable superior signal integrity, power management, and thermal performance for high-speed and high-frequency applications. Rising demand for advanced computing, AI hardware, and next-generation communication technologies are accelerating innovation in this segment.
   

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The North America printed circuit board market dominated the global PCB market with a significant share of 28.5% in 2025.
 

• A favorable industrial environment, strong investment in electronics manufacturing, advanced technological infrastructure, and robust R&D ecosystem are key factors driving regional market growth.
   
• North America, particularly the U.S., has a well-established electronics R&D ecosystem. It hosts leading academic institutions, research centers, and PCB manufacturers that actively contribute to advancements in high-density, flexible, and multi-layer PCB technologies. This ecosystem fosters innovation, attracts investment, and drives the development of next-generation PCBs.
   
• Furthermore, growing demand from sectors such as automotive electronics, telecommunications, industrial automation, and consumer electronics has created substantial need for advanced PCB solutions.
   
• Additionally, supportive government policies and incentives for electronics manufacturing further fuel market growth.
   

The U.S. printed circuit board market was valued at USD 15.3 billion and USD 16.1 billion in 2022 and 2023, respectively. The market size reached USD 18 billion in 2025, growing from USD 17 billion in 2024.
 

• The U.S. continues to lead the PCB market, supported by its advanced electronics manufacturing ecosystem, strong R&D capabilities, and favorable industrial policies.
   
• The country hosts several leading PCB manufacturers and benefits from a robust pipeline of high-density, flexible, and multi-layer PCB technologies.
   
• Additionally, the presence of top-tier research institutions and extensive innovation in electronics design further accelerates the development and adoption of advanced PCBs.
   

The Europe printed circuit board market accounted for USD 16.6 billion in 2025 and is expected to witness strong growth over the forecast period.
 

• Europe holds a significant share of the global PCB market, supported by advanced electronics manufacturing infrastructure, increasing government initiatives, and rising investments in high-tech electronics development.
   
• The region benefits from a collaborative ecosystem of academic institutions, research organizations, and PCB manufacturers, which accelerates innovation and adoption of advanced PCB technologies.
   

Germany printed circuit board market dominates the Europe market, showcasing strong growth potential.
 

• Within Europe, Germany holds a substantial share of the PCB market, supported by its advanced manufacturing infrastructure, strong industrial base, and favorable government initiatives.
   
• The country’s focus on high-tech electronics, automotive systems, and industrial automation has created a dynamic environment for PCB development and commercialization.
   
• Furthermore, Germany’s robust industrial ecosystem and high technology adoption rates facilitate the deployment of advanced PCB solutions.
   

The Asia Pacific printed circuit board market is expected to grow at the highest CAGR of 6.1% during the analysis period.
 

• The region is witnessing rapid PCB market expansion, driven by increasing electronics manufacturing, rising demand from automotive, industrial, and consumer electronics, and greater adoption of advanced PCB technologies.
   
• Governments are supporting high-tech electronics and industrial automation through infrastructure development, funding initiatives, and international collaborations.
   
• Furthermore, the large manufacturing base, growing technology adoption, and presence of local PCB manufacturers are fueling demand for advanced, high-density, and flexible PCBs.
   

China printed circuit board market is estimated to grow significantly within the Asia Pacific region.
 

• China leads the Asia Pacific PCB market, driven by substantial investment in electronics R&D, supportive industrial policies, and rapid expansion of manufacturing capabilities.
   
• The Chinese government prioritizes advanced electronics, smart manufacturing, and industrial automation, providing funding and regulatory support to foster growth.
   
• With strong production capacity, expanding infrastructure, and rising domestic and export demand, China is at the forefront of PCB market growth in the region.
   

Brazil printed circuit board market leads the Latin American market, showing strong growth during the analysis period.
 

• Brazil is emerging as a key growth center in the region, driven by expanding electronics manufacturing, rising automotive production, and growing industrial automation.
   
• The country’s large industrial base and increasing adoption of advanced electronic systems are generating strong demand for high-performance PCBs.
   
• Additionally, supportive government policies and public-private initiatives are encouraging local PCB production and technology development.
   

South Africa printed circuit board market is expected to witness substantial growth in the Middle East and Africa market during the forecast period.
 

• The country shows significant potential, driven by expanding industrial automation, electronics manufacturing, and adoption of smart technologies.
   
• South Africa hosts several prominent electronics manufacturers and is seeing increasing demand for high-density, flexible, and multi-layer PCBs.
   
• Government initiatives, infrastructure development, and collaborations with global PCB technology providers are expected to further accelerate market growth in the region.
  
   

Printed Circuit Board Market Share

The competitive landscape of the global market is marked by intense competition, continuous technological innovation, and strategic collaborations among leading manufacturers. Top players such as TTM Technologies, AT&S, Unimicron, Ibiden, and Nippon Mektron hold a combined market share of approximately 7.92% in the global PCB market. These companies invest heavily in R&D to enhance product performance, support high-density and high-frequency designs, and expand into emerging applications such as automotive electronics, 5G infrastructure, and industrial IoT.
 

The market also witnesses mergers, acquisitions, and strategic partnerships aimed at broadening geographic presence, improving manufacturing capabilities, and accelerating the adoption of advanced PCB technologies. Smaller and specialized PCB manufacturers contribute by focusing on niche segments such as high-layer-count, heavy-copper, and flexible PCBs, fostering innovation and differentiation. This dynamic environment drives overall market growth and continuous evolution across consumer, automotive, telecom, and industrial sectors.
 

Printed Circuit Board Market Companies

Prominent players operating in the printed circuit board industry are as mentioned below:
 

• AT&S
• Benchmark Electronics
• Cirexx
• Compeq Manufacturing
• Daeduck Electronics
• Epec
• Flex
• Ibiden
• Jabil
• Meiko Electronics
• Nippon Mektron
• Samsung Electro-Mechanics
• Sanmina
• Schweizer Electronic
• Sheldahl (Multek / Flex subsidiary)
• TTM Technologies
• Tripod Technology
• Unimicron
  
   
• TTM Technologies

TTM Technologies is a leading player in the printed circuit board market with a dominant market share of ~2.75%. The company specializes in high-performance printed circuit boards for automotive, aerospace, industrial, and telecommunications applications. Its strong global manufacturing footprint and focus on innovation in HDI and flexible PCBs have positioned it as a front-runner in advanced PCB solutions.
 

• AT&S

AT&S holds a significant share of ~1.13% in the global PCB market and is known for high-end, multilayer PCBs used in smartphones, automotive electronics, and industrial applications. The company’s emphasis on R&D, cutting-edge manufacturing capabilities, and partnerships with global electronics brands drives its competitive advantage in advanced and high-density PCB technologies.
 

• Unimicron

Unimicron commands a market share of ~2.38% and is recognized for its expertise in high-volume, high-quality PCB manufacturing. The company focuses on HDI, multilayer, and flexible PCBs for consumer electronics, communication devices, and automotive applications. Its robust production capacity and strong relationships with leading global OEMs reinforce its position as a major player in the PCB market.
 

Printed Circuit Board Industry News

• In October 2025, Taiwanese PCB manufacturer Allied Circuit (ACCL), a subsidiary of Compal Electronics, partnered with Japanese firm Meiko to establish a high-layer-count (HLC) PCB production line in Vietnam. The plant is planning to begin commercial operations soon and aims to cater to the growing demand for AI server applications. The joint venture reflects a strategic shift by Taiwan PCB makers to expand production outside China and serve emerging high-performance computing markets.
   
• In July 2025, TTM Technologies announced the acquisition of a 750,000-square-foot facility in Eau Claire, Wisconsin for PCB manufacturing site. These investments aimed to expand TTM’s advanced technology PCB production, supporting high-volume U.S. manufacturing and supply chain diversification in Southeast Asia.
   
• In October 2024, TTM Technologies announced the expansion of its Dewitt, New York PCB facility with a $130 million investment, supported by a $30 million award from the U.S. Department of Defense. The 214,000-square-foot plant aimed to produce ultra-high-density interconnect PCBs and advanced chip packaging for the military and semiconductor industry, creating 400 jobs. The expansion was intended to strengthen domestic supply chain resilience and support advanced technology production nationwide.